Brazil
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Americas
Noble Corp admits link to Petrobras corruption scandal
Drilling firm Noble Corp has admitted it has done some business with an agent in Brazil who recently pleaded guilty…
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Americas
Petrobras strike could be most damaging in 20 years
An ongoing strike by workers at Brazil’s troubled state oil firm Petrobras could be the most damaging industrial action the…
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Americas
Strike action by Petrobras workers impacts output
A strike by Brazilian oil workers has had significant and quick impact on Petrobras’ output, both the company and the…
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Americas
Diamond Offshore Drilling juggles rig contracts with Petrobras
Houston-based deepwater drilling contractor Diamond Offshore Drilling announced on Monday that it has reached an agreement with Brazil’s state-run oil…
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Europe
Deep Sea Supply sends two more PSVs to layup as Brazilian blocking bites
John Fredriksen controlled Deep Sea Supply has released its latest fleet update on Oslo Bors today revealing troubles in Brazil,…
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Americas
Banco do Brasil expects debt deal before year’s end with Sete Brasil
Banco do Brasil’s CEO said on Monday the state-led bank expects to come to terms with Sete Brasil by year’s…
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Americas
Clock is ticking for SBM Offshore on $250m Petrobras settlement offer
Brazilian authorities have told SBM Offshore of the Netherlands that the clock is ticking on the company to pay a…
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Americas
Brazil’s Libra field will need oil prices at $55 to break even
The huge subsalt oil and gas fields announced last week to have been discovered offshore Brazil will need oil at…
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Americas
Sevan’s agent implicated in Petrobras bribery scandal
An agent who brokered offshore contracts between Sevan Marine and Petrobras in Brazil has come under scrutiny after receiving up to…
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Americas
Azilat Petroleum buys two blocks offshore Brazil
Bermuda-based Azilat Petroleum announced on Monday it had bought two oil exploration blocks from Brazilian oil firm OGX Petroleo e…
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Americas
Sevan Marine investigation says illegal payments to Petrobras ‘more likely than not’
An independent corporate investigator has established it is “more likely than not” that ex-Sevan Marine employees made illegal payments to…
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Americas
Rotting cow carcasses cause health concerns in Brazilian port town
More than a week after a livestock carrier capsized and sank at Porto Vila do Conde in Barcarena, Brazil, failure…
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Americas
Farstad Shipping wins PSV charters, Petrobras cancels another
Three offshore vessels owned by Farstad Shipping have won charter extensions at undisclosed rates, but another vessel has had its…
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Americas
Petrobras announces find at offshore well in Libra subsalt area
A multinational consortium led by Brazil’s troubled state oil producer Petrobras has found hydrocarbons in a new offshore well in…
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Americas
Petrobras signs $2bn sale and leaseback deal with China’s ICBC
Brazil’s state oil producer Petrobras announced on Tuesday it has signed a 10-year leasing contract with Industrial and Commercial Bank…
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Americas
Cost of Petrobras corruption scandal could be $3bn more than estimated
Petrobras’ estimation of the financial losses it suffered because of corruption could be only 40% of the real damage, said…
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Americas
Dismal take-up for Brazil’s oil auction, many offshore blocks snubbed
Negative price trends in the oil industry and some conditions unique to Brazil’s turbulent economy were blamed for the huge…
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Americas
Bill and Melinda Gates Foundation Trust sues Petrobras and its auditors
The Bill and Melinda Gates Foundation Trust has sued Petrobras and its auditors (a Price Waterhouse Cooper affiliate) in a…
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Americas
Petrobras lifts ban on SBM Offshore
Petrobras has formally invited the Brazilian subsidiary of Dutch firm SBM Offshore to join in the Libra and Sepia FPSO…
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Americas
Odebrecht offshore bonds hammered after Petrobras cancels drillship contract
The ramifications of the Petrobras scandal plus the oil industry price plunge have taken their toll on the oil services…
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